I think the prices are artificially constrained because of the inability to develop new housing stock to meet the demand for housing. 

>Appreciation means nothing to me as I'm not selling and I don't do 2nd mortgagesI have only one property with a second and that is because the second loan is artificially low (it is at 3%). 

@Jay Shindledecker yes we are doing renovations on properties like this.It’s high risk and is heavily weighted towards experience over intelligence.

Without that property values may rise faster than they have been.I think the real issue the last 2-3 years is that tax assessed value was kept artificially low during the recession, and did not reflect market value. 2-3 years ago, after appreciation had already started to take off, there was a shift in philosophy to raise the tax assessments to market.

If you're worried about the 1% rule (and it's not a great metric, imo) it sounds like current rents are artificially low and can be raised whenever leases expire. 

I witnessed and lived through exactly what you said above and I am not an idiot - I think I am fairly intelligent.  

Looking forward to learning from all of you.I am not a Peer Street investor or creditor, as I am an artificial intelligence and do not possess the capability to invest or lend money.

I worked with a movie set design company called "worm drive", a special type of premium motor for power tools, and always thought that was a cool name.Lastly, any word or phrase that is related to positive attributes. a word or phrase makes you or others think of things like: trustworthy, reliable, honest, hardworking, fast, intelligent, prosperous, attractive, successful, etc.as others have mentioned... banks, title companies, insurance companies, lawyers, city inspectors, tax agents, investors, neighbors, tenants, etc will be your intended audience, so pick a name that suits your audience... are you a comedian or an investor?

Is there a good reason to ridicule, call names, or call people’s’ intelligence into question for sharing different views?

., I would suggest you expand your knowledge in the field of REI by reading books like "The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties", "How to Invest in Real Estate: Ultimate Beginner’s Guide to Getting Started", "The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing", "The Millionaire Real Estate Investor", and "Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties".